Search Results

Strait Asia Resources Plans To Increase Coal Mine Production to 20 million tones by 2012


In Reuters news online reported, Singapore listed Straits Asia Resources aims to more than double its annual coal production to 20 million tonnes by 2012 and may acquire two Indonesian coal mines to achieve that target.

Australian Mining Future and New Investment : China’s Looking For To Buy Mining assets in Australia


Australia said no Chinese companies have been told to withdraw applications to buy into Australian resource firms, despite media reports Canberra was pressuring China to back away from such investment.
China’s miners and steelmakers are looking to buy mining assets in Australia to lock in supplies of raw materials such as coal and iron ore to [...]

Uranium Funds Points to Near-Term U3O8 Price Decline


Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]

Coking coal boost as China imports


ANALYSTS are predicting a rebound for coking coal prices as China becomes a net importer of coal for the first time in its history.
Recent data shows the resource-hungry nation imported 14.3 million tonnes of coal in the first quarter of 2007, a 60.4 per cent rise over the three months ending March 31, 2006.
That compares [...]

Coal Surge Seen by Mobius as China’s Imports Increase (Update2)


Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring [...]

Mining To Slow Slowly Over Next Two Years


Here’s some good news for the big end of the market where resources are still booming. Leading economic forecaster and industry analyst BIS Shrapnel sees the current boom lasting through until the end of 2008.
It said yesterday that with work in the pipeline and more projects still to start, “investment is forecast to rise another [...]